cautious
Recently
Indian rupee likely to open weaker amid foreign outflows and risk-off mood
Rupee expected to open under pressure as foreign outflows and global risk-off weigh on India’s currency ahead of trade opening.
Ahead of today’s trade, the Indian rupee is expected to open slightly weaker against the U.S. dollar as sustained foreign equity outflows and a regional shift toward risk-off sentiment increase pressure. Forward-market data suggest opening near ₹88.60–₹88.66 per dollar. Dealers note that while the Reserve Bank of India has recently intervened around ₹88.80, broader Asian currency weakness and robust dollar strength hold the rupee vulnerable. Import-dollar demand and oil-import cost concerns also add to stress. Traders will closely watch RBI commentary and global cues for directional clarity.